FTX The World's Leading Assets Platform - Join the community now!
DIGITAL MONEY NEWS -Join FTX and start your trading journey with the most trusted and secure exchange! You can get started in minutes with our simple sign up online.
We believe in continuous development, so you’ll have access to all of the newest features as soon as they are released.
Additionally, our customer service team is available 24/7 to answer any questions you may have during your trading career with us! Start trading with the most trusted and secure exchange, FTX now!
How to buy your first crypto
A few things to consider before jumping in. Don’t put all your eggs in one basket. If you want to invest, diversify. Start small, buy a little bit of Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
The next step is to create an account on a crypto exchange like Kraken or Binance. You don’t have to buy whole Bitcoins or Ethereum; you can buy fractions if that’s all your budget allows at first.
Also, be sure to use two-factor authentication (2FA) for added security. Once your accounts are set up, it’s time to start trading. As with any market, there are good days and bad days.
Take advantage of low prices by buying more coins when they dip down in value versus fiat currencies like USD or EUR. And remember: never invest more than you can afford to lose.
Cryptocurrencies aren’t FDIC insured, so if you trade them and something goes wrong, there isn’t much recourse. And lastly: stay safe out there! Use 2FA whenever possible, always keep your computer updated with anti-virus software, and never click links in emails from unknown senders.
It may seem obvious, but these simple steps will help protect your investments. Good luck! USI Tech Review – USI Tech is one of those forever companies.
Not only do we provide investment services through our team of professional cryptocurrency traders and experienced forex traders, but we also strive to educate as many people as possible about blockchain technology through our own publications – starting with USI Tech News, which covers anything from bitcoin news to blockchain tech innovations. For example, how does Steemit work? Why do you need an ERC20 token?
How to set up your wallet
In order to get started using FTX, you’ll need to set up a wallet. This process is simple and requires nothing more than access to your computer.
If you already have an Ethereum-based wallet address (such as MyEtherWallet or MetaMask), then skip ahead to step two.
If not, follow these instructions This will take you to a page that looks like: You can click on Create New Wallet at any time to create a new wallet with a different name.
Note that if you create multiple wallets, they will all share one public key; however, each of them will have its own private key which only it can access.
When you’re ready to proceed, click on Continue. On Step 2, select Keystore File (UTC / JSON) from the dropdown menu in front of Select Your Keystore File.
Click Next when ready. Next, select View/Print Your Private Key from under Your Keystore File Contents in order to print out your private key for safekeeping.
Keep track of where you store it because anyone who has access to your private key also has full control over your funds. Once you’ve done that, click Finish.
Congratulations! Your wallet is now open and ready for use. Make sure to write down both your private key and password so that you don’t lose access to your account by losing either one.
Never share your private key with anyone else. Now that we have our wallet setup, let’s move onto setting up our exchange accounts. If you plan on trading BTC for ETH, skip ahead to Step 3 below.
For those of us looking to buy ETH directly with fiat currency, keep reading here... To purchase ETH directly via credit card, head over to Coinbase first and create an account there.
Coinbase allows users in most countries around the world buy bitcoin or ether using a credit card or bank transfer. After creating your account, click Buy/Sell at the top left corner and select Ethereum from the list.
Where can you spend your crypto?
Where can you spend crypto, you may ask? Not nearly as many places as you’d think. Most of us who have been in crypto for a while know all about Bitpay, but there are other options out there that make it much easier to start spending your coins.
Coinbase has recently added support for Bitcoin Cash and Ethereum, meaning users can finally pay their BCH and ETH debts (or splurge on something nice).
Of course, if you want to buy more cryptocurrencies with fiat, Coinbase is still one of your best bets—but if you want to get rid of them, check out these services .
Our Favorite Crypto Payment Providers: CoinPayments CoinPayments offers both plugins and shopping cart tools that accept dozens of different altcoins including BTC, LTC, ETH, BCH, XRP and Dash.
Additionally, they also offer a debit card which lets you instantly convert any cryptocurrency into USD or EUR at over 38 million locations worldwide.
There’s no monthly fee for using their card either; however international conversion fees will apply depending on where you live. If you just want to quickly convert some crypto into fiat and spend it, CoinPayments might be your best bet.
Paybis Paybis is another online payment processor similar to CoinPayments. They allow merchants to accept payments via credit cards, wire transfers, e-wallets and even bank deposits.
Merchants can choose from hundreds of currencies including BTC, LTC, DOGE, BCC/BCH and ETH among others.
For example, if you wanted to sell an item for $100 worth of bitcoin cash, Paybis would automatically calculate how much bitcoin cash you need to receive based on current market prices.
While not as user friendly as CoinPayments, Paybis does provide a better exchange rate than most competitors.
What happens if crypto crashes?
What happens when cryptocurrency crashes? Bitcoin and Ethereum are down more than 50% since January, and some analysts think that’s just a small taste of what’s to come.
Cryptocurrencies have been on a tear for most of 2017, but there may be trouble ahead. Here’s what you need to know about investing in crypto before it crashes... and how you can prepare yourself.
Title: Crypto Is Crashing, But Here's How To Avoid Losing Money In A Crash (And Buy Low) Description: While it’s tempting to jump into any investment trend, no matter how promising or risky it might seem at first glance, doing your homework is key.
If you don’t take time to research what something is and whether or not it makes sense as an investment, then you could easily lose your money—and maybe even end up losing your shirt.
If you're thinking about investing in cryptocurrencies like bitcoin, etherium or litecoin, here are three things to keep in mind if things go south.
1. Diversify your portfolio Before buying any crypto coins, it’s important to diversify your portfolio with other investments.
That way, if one coin takes a nosedive, you won’t lose all your money. For example, instead of putting all your eggs in one basket by purchasing $10k worth of Etherium (like I did), spread out that same $10k across several different coins so that each individual investment only accounts for 3-5% of your overall portfolio value.
2. Know what you’re getting into With any investment, it’s important to understand exactly what you’re getting into. There are two main types of cryptocurrencies: utility tokens and security tokens.
Utility tokens allow holders access to products or services offered by companies building their platforms on top of blockchain technology; security tokens represent ownership in those companies themselves.
Utility tokens tend to trade based off potential demand for those products or services, while security tokens trade based off speculation about their future success.
How to keep track of my crypto investments?
Keeping track of your cryptocurrency investments can be a real hassle. Even if you have a record of your holdings saved somewhere, it can be difficult to remember how much one particular crypto was worth at any given point in time.
FTX is an online platform that allows you to keep track of all your investments in one place. It also shows you how each crypto has performed over time, and where you’ve made (and lost) money from each coin.
This way, you don’t have to worry about keeping tabs on multiple exchanges or remembering which coins were bought when—you can just log into your account on FTX and see everything at once.
And since FTX is completely decentralized, there are no worries about security or hacks—your funds are secure.
Whether you want to learn more about investing or need help tracking your portfolio, FTX is here for you. Sign up today!
If you’re looking to invest in cryptocurrencies but aren’t sure where to start, it can seem daunting. There are dozens of different options out there, and each token has its own unique features and development goals.
But if you plan ahead, choose carefully, and do your research before buying a single coin, investing can pay off big time.
One of the best ways to make smart investments is by choosing a platform like FTX that allows you to keep track of all your investments at once—and also shows you how they’ve performed over time.
This way, you don’t have to worry about keeping tabs on multiple exchanges or remembering which coins were bought when—you can just log into your account on FTX and see everything at once.
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